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Application provision

18.1 This Chapter applies only to the FSCS.

18.1

03/07/2015

This Chapter applies only to the FSCS.

18.2

03/07/2015

The FSCS may adjust the calculation of a DAS member’s share of a DAS levy to take proper account of:

  1. (1) any excess, not already taken into account, between previous levies of that type imposed in relation to previous periods and the relevant costs actually incurred in that period; or
  2. (2) amounts that the FSCS has not been able to recover from DAS members as a result of 16.4; or
  3. (3) amounts that the FSCS has not been able to recover from DAS members after having taken reasonable steps; or
  4. (4) payments deferred under 25.2 , the calculation of levies after an acquisition of business under 19 or 20, calculations under 21.7, remission of additional administrative fee under 23.4; or
  5. (5) anything else that the FSCS believes on reasonable grounds should be taken into account.

18.3

03/07/2015

The FSCS may not adjust the calculation of a DAS member’s share of any DAS levy under 18.2 on the grounds that it would be inequitable for that firm to pay that share or part of it or on the grounds that it would be inequitable for the FSCS to retain that share or part of it. Any such claim should be dealt with under 25.

18.4

03/07/2015

If a DAS member’s share of a DAS levy or an additional administrative fee under this Part would be so small that, in the opinion of the FSCS, the costs of collection would be disproportionate to the amount payable, the FSCS may treat the DAS member as if its share of the levy or additional administrative fee amounted to zero.